Advisory Research Inc. continued to hold its stake in Resolute Energy Corporation (NYSE:REN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,334 shares of the oil and gas exploration company’s stock at the close of the 2nd quarter. Advisory Research Inc. owned 0.09% of Resolute Energy Corporation worth $821,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in shares of Resolute Energy Corporation by 2.6% in the 1st quarter. Wells Fargo & Company MN now owns 3,079 shares of the oil and gas exploration company’s stock valued at $124,000 after purchasing an additional 79 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Resolute Energy Corporation by 32.0% in the 2nd quarter. Franklin Resources Inc. now owns 1,719,287 shares of the oil and gas exploration company’s stock valued at $51,182,000 after purchasing an additional 416,802 shares in the last quarter. Systematic Financial Management LP raised its holdings in shares of Resolute Energy Corporation by 51.4% in the 2nd quarter. Systematic Financial Management LP now owns 80,020 shares of the oil and gas exploration company’s stock valued at $2,382,000 after purchasing an additional 27,155 shares in the last quarter. Caymus Capital Partners L.P. raised its holdings in shares of Resolute Energy Corporation by 82.2% in the 2nd quarter. Caymus Capital Partners L.P. now owns 746,900 shares of the oil and gas exploration company’s stock valued at $22,235,000 after purchasing an additional 336,900 shares in the last quarter. Finally, Weiss Multi Strategy Advisers LLC acquired a new stake in shares of Resolute Energy Corporation in the 1st quarter valued at $7,176,000. Institutional investors and hedge funds own 93.81% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Advisory Research Inc. Has $821,000 Holdings in Resolute Energy Corporation (REN)” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/10/13/advisory-research-inc-has-821000-holdings-in-resolute-energy-corporation-ren.html.

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets lowered shares of Resolute Energy Corporation from an “outperform” rating to a “market perform” rating and set a $35.00 price objective on the stock. in a report on Monday, September 18th. They noted that the move was a valuation call. Imperial Capital reiterated a “buy” rating and set a $50.00 price target on shares of Resolute Energy Corporation in a research note on Monday, September 18th. KLR Group reiterated a “buy” rating and set a $64.00 price target (up from $60.00) on shares of Resolute Energy Corporation in a research note on Friday, September 15th. ValuEngine lowered shares of Resolute Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, September 6th. Finally, Zacks Investment Research upgraded shares of Resolute Energy Corporation from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $48.48.

Shares of Resolute Energy Corporation (REN) traded up 0.98% during midday trading on Friday, reaching $29.75. 9,450 shares of the company traded hands. Resolute Energy Corporation has a 12 month low of $22.27 and a 12 month high of $49.14. The company has a 50 day moving average of $28.74 and a 200 day moving average of $33.86. The firm’s market capitalization is $656.20 million.

Resolute Energy Corporation (NYSE:REN) last issued its earnings results on Monday, August 7th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.25. The business had revenue of $71.06 million for the quarter, compared to analyst estimates of $77.09 million. The firm’s revenue for the quarter was up 100.8% on a year-over-year basis. During the same period last year, the company posted ($2.44) earnings per share. On average, equities research analysts predict that Resolute Energy Corporation will post $1.08 earnings per share for the current fiscal year.

In other Resolute Energy Corporation news, Director James E. Duffy sold 2,500 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $30.44, for a total transaction of $76,100.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 7.30% of the stock is currently owned by corporate insiders.

Resolute Energy Corporation Profile

Resolute Energy Corporation is an independent oil and gas company. The Company is engaged in the exploitation, development, exploration for and acquisition of oil and gas properties. The Company’s assets are located primarily in the Delaware Basin in west Texas (the Permian Properties or Permian Basin Properties) and Aneth Field located in the Paradox Basin in southeast Utah (the Aneth Field Properties or Aneth Field).

Institutional Ownership by Quarter for Resolute Energy Corporation (NYSE:REN)

Receive News & Stock Ratings for Resolute Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Resolute Energy Corporation and related stocks with our FREE daily email newsletter.